ESAB Corporation (NYSE:ESAB) Receives $142.13 Average PT from Brokerages

Shares of ESAB Corporation (NYSE:ESAB) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $142.1250.

ESAB has been the subject of several analyst reports. Oppenheimer boosted their price objective on ESAB from $142.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Wall Street Zen downgraded ESAB from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. UBS Group increased their price target on ESAB from $147.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Stifel Nicolaus lifted their price objective on shares of ESAB from $143.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ESAB in a report on Monday, December 29th.

ESAB Stock Up 0.1%

ESAB stock opened at $117.72 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.24 and a current ratio of 1.99. ESAB has a one year low of $100.17 and a one year high of $135.84. The company has a 50-day simple moving average of $114.67 and a 200-day simple moving average of $116.36. The firm has a market capitalization of $7.15 billion, a P/E ratio of 29.65, a P/E/G ratio of 2.05 and a beta of 1.24.

ESAB (NYSE:ESAB) last posted its earnings results on Wednesday, October 29th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. ESAB had a net margin of 8.70% and a return on equity of 15.93%. The firm had revenue of $727.85 million during the quarter, compared to analyst estimates of $663.57 million. During the same period in the previous year, the business posted $1.25 EPS. ESAB’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts expect that ESAB will post 5.16 earnings per share for the current year.

ESAB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were issued a $0.10 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. ESAB’s dividend payout ratio (DPR) is 10.08%.

Institutional Investors Weigh In On ESAB

Institutional investors have recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. raised its holdings in shares of ESAB by 266.0% during the second quarter. First Citizens Bank & Trust Co. now owns 7,861 shares of the company’s stock valued at $948,000 after acquiring an additional 5,713 shares during the period. Advantage Alpha Capital Partners LP raised its stake in ESAB by 56.4% during the 2nd quarter. Advantage Alpha Capital Partners LP now owns 26,644 shares of the company’s stock valued at $3,212,000 after purchasing an additional 9,608 shares during the period. Daiwa Securities Group Inc. raised its stake in ESAB by 82.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 39,739 shares of the company’s stock valued at $4,791,000 after purchasing an additional 17,911 shares during the period. Fifth Third Bancorp lifted its holdings in shares of ESAB by 159.9% in the second quarter. Fifth Third Bancorp now owns 3,667 shares of the company’s stock valued at $442,000 after purchasing an additional 2,256 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its position in shares of ESAB by 5.9% in the second quarter. Champlain Investment Partners LLC now owns 2,043,843 shares of the company’s stock worth $246,385,000 after buying an additional 114,744 shares during the period. 91.13% of the stock is currently owned by institutional investors and hedge funds.

About ESAB

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.